Pay for a good lease now or pay the cost of lawsuits, legal fees, and attorney fees later. 

That tenant was clearly not mentally stable and her lawsuit was so frivolous that it was thrown out and she was served with an order of eviction and ordered to pay the attorney's fees.

Failure to have adequate licensure as designated under this statute (and local ordinances) could subject you to fines from the government, civil lawsuits from consumers, and liability from purchasers.

If so, is a 1M personal umbrella policy enough to cover my person assets against a lawsuit?

Given the amount of equity of stake, is spending $1500 or so worth it to protect your assets from a lawsuit? 

So when I started I looked at states that were "business friendly" and protected my business from lawsuits and scrupulous business partners, of which you will incur eventually.

If the deadlines are pretty close to a deed date, it's actually better to get a certificate from the state, which you can then surrender to the probate judge of county where property located, and get a deed three years after the auction.The reason a tax deed signed by the probate judge is better than a tax deed signed by the governor has to do with technicalities of evidence law if you have to file a quiet title lawsuit. 

@Adam Michael My understanding is the same as @Jim Murray's - it can be anybody living in RI.However I believe the main reason for such a requirement is that if you are ever served with a lawsuit, it is your agent who will be served.

Your only option would be a lawsuit against them, I would think.

We are currently looking at single family with mother in law suites to rent out and what to know how to structure the lease/insurance